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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (75,799) $ (36,562) $ (15,571)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 21,421 10,097 4,726
Debt-related accretion in interest expense 8,725 4,355 2,529
Current expected credit losses 1,290 540 830
Provision for obsolete inventory 103 2,256 597
Stock-based compensation 14,615 4,251 2,706
Loss on debt extinguishment 11,916 8,123 0
Adjustment to contingent consideration liability 0 (3,340) 0
Deferred income tax (10,417) (3,229) (4,002)
Changes in operating assets and liabilities:      
Accounts receivable 1,832 (1,532) (15,640)
Inventories (13,547) (4,476) 1,864
Other current assets (3,995) 809 (1,004)
Other assets (4,001) 326 436
Accounts payable 4,911 (4,176) 3,741
Accrued salaries and benefits (270) 5,327 1,829
Accrued expenses (6,096) (594) 2,412
Customer deposits and deferred service revenue (1,710) (3,445) 1,243
Other long-term liabilities (2,134) 1,027 (2,825)
Net cash used in operating activities (53,156) (20,243) (16,129)
Cash flows from investing activities:      
Cash paid for acquisition, net of cash acquired (374,705) 0 (19,835)
Settlement of working capital for acquisition 0 191 0
Capital expenditures (1,435) (1,299) (2,462)
Capitalization of software costs (6,852) (7,932) (4,068)
Proceeds from sale of product line 0 0 2,482
Net cash used in investing activities (382,992) (9,040) (23,883)
Cash flows from financing activities:      
Principal payments of long-term debt (4,174) (629) 0
Payments for the extinguishment of notes payable (183,618) (66,250) 0
Proceeds from common stock issuance 215,000 131,407 0
Payments for common stock issuance costs (6,828) 0 0
Proceeds from debt issuance, net of original issue discount 441,385 115,786 75,039
Payments for debt issuance costs (13,998) 0 0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (5,315) (297) (544)
Proceeds from exercise of stock options 1,156 675 1,433
Payments of bank borrowing 0 0 (17,459)
Payments of bank borrowing 0 0 9,640
Payment of contingent consideration 0 0 (2,550)
Net cash provided by financing activities 443,608 180,692 65,559
Effect of exchange rate changes on cash and cash equivalents 273 1,241 (996)
Net increase in cash and cash equivalents 7,733 152,650 24,551
Cash and cash equivalents at beginning of period 180,686 28,036 3,485
Cash and cash equivalents at end of period 188,419 180,686 28,036
Supplemental disclosures of cash flow information:      
Interest 8,383 4,018 1,293
Income taxes, net of refunds 0 205 (321)
Bonus accrual to be paid in common shares 0 620 833
Capitalized software recorded in accounts payable 48 316 0
Capital expenditures in accounts payable 26 228 0
Tax withholding in accrued salaries and benefits related to treasury stock acquired from employees 643 0 0
Common stock issued in acquisition   0 0
Notes payable for AccSys 0 0 2,000
Contingent consideration for AccSys 0 0 3,340
Punchh Inc.      
Supplemental disclosures of cash flow information:      
Common stock issued in acquisition 110,219    
AccSys LLC (Restaurant Magic)      
Adjustments to reconcile net loss to net cash used in operating activities:      
Adjustment to contingent consideration liability   3,300  
Supplemental disclosures of cash flow information:      
Common stock issued in acquisition $ 0 $ 0 $ 27,527